Harsha Engineers shines on entering into agreement with leading multinational bearing company
Harsha Engineers International is currently trading at Rs. 551.75, up by 15.00 points or 2.79% from its previous closing of Rs. 536.75 on the BSE.
The scrip opened at Rs. 554.75 and has touched a high and low of Rs. 559.40 and Rs. 547.90 respectively. So far 4430 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 610.75 on 08-Jul-2024 and a 52 week low of Rs. 360.00 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 559.40 and Rs. 495.00 respectively. The current market cap of the company is Rs. 4878.60 crore.
The promoters holding in the company stood at 74.61%, while Institutions and Non-Institutions held 9.41% and 15.99% respectively.
Harsha Engineers International has entered into a long term agreement with a leading multinational bearing company for manufacture and supply of bearing cage products in accordance with terms and conditions stipulated in Agreement effective December 5, 2024. Agreement is for an initial period of 6 years. Broad consideration or size of the order is estimated at Euro 6 million to Euro 10 million per annum.
Harsha Engineers International is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. It offers diversified suite of precision engineering products across geographies and end-user industries.
